"Before we started the reconstruction of the palace, there was a casino in the most valuable historical premises. We now want to permanently put this place on the cultural map of the metropolis with a reference to history, so there will be exhibition spaces here. Already on the first weekend of September, the reconstructed palace could be viewed by the public, as the Prague Art Week art show was held here. We intend to continue in the same spirit," says Simon Johnson, CEO of Crestyl.
Savarin Palace was often connected with Czech culture in the past. At the turn of the 19th and 20th centuries, the Ethnographic Museum, which is now part of the National Museum, housed its collections here. During the First Republic, a well-known social club frequented by, for example, Karl Steinbach, Ferdinand Peroutka, Hugo Haas or Jan Werich operated here. Later, the Savarin Palace hosted social events or hosted the world's first ever black theater.
The reconstruction of the historic Savarin Baroque Palace by Kilian Ignác Dientzenhofer began at the end of 2021 and was completed in September. During the reconstruction work, it was possible to uncover a number of valuable details, the repair of which was intensively dealt with on an ongoing basis with preservationists. In April, newly created and restored older copies of eleven original Baroque sculptures by the prominent sculptor Ignác František Platzer were placed on top of the facade. Crestyl invested over half a billion crowns in the careful reconstruction of the palace, which is sometimes referred to as the Sylva-Taroucca Palace. Now all that remains is to fine-tune some details, and then the specific spaces will be prepared to suit the tenants. The approval of the renovated building should take place in November.
Following the restoration of the Savarin Palace, a new part of the project of the same name is being prepared, which is being created under the baton of the icon of contemporary world architecture and design, Thomas Heatherwick. It has already received a positive opinion from preservationists as part of the ongoing zoning proceedings. The Savarin project, referring to the tradition of Wenceslas passages, will connect Wenceslas Square with Na Příkopě, Jindřiška and Panská streets. It consists of four connected, yet interconnected separate parts, each of which will have its own character and way of use - Savarin Palace itself is one of them. The historic building of the riding school will become the focal point, around which a new quiet square with a garden, cafes and restaurants will be created in the courtyard. Savarin will also include a multi-purpose space intended especially for cultural and social events or a new entrance to the subway. The project also includes a gallery for the placement of the Slavic epic.
About CRESTYL:
The developer and financial group CRESTYL has been operating on the Central European real estate market for almost thirty years. With a balance sheet amount of EUR 1.3 billion, CRESTYL is among the leading multi-sector developers. His current portfolio includes over five dozen projects in the Czech Republic and Poland, where he operates under the Spravia brand. Among his largest upcoming Czech projects are, for example, the reconstruction and completion of the Savarin complex in the center of Prague, the newly emerging Hagibor district near the Želivského metro, or Dornych in Brno. For all its projects, CRESTYL focuses on quality, design, superior workmanship, the use of first-class materials and overall comfort for its residents and visitors.
